Business
Manufacturing, supply & profit sharing agreement
Manufacturing, supply & profit sharing agreement.
About this update from Optibiotix Health Plc
[{"type":"text","content":"\n \nRNS Number : 0063Z OptiBiotix Health PLC 12 December 2017 \n \n\nOptiBiotix Health plc\n(\"OptiBiotix\" or the \"Company\")\n \nSlimBiome® USA manufacturing, supply and profit sharing agreement\n \nOptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skin care, announces it has entered into a manufacturing and supply agreement with Cereal Ingredients, Inc, (\"CII\"). The agreement grants CII a licence to manufacture and supply OptiBiotix's award winning SlimBiome® as an extruded product in CII's range of cereal based particulates in the USA, in return for 50% of the profit, with an agreed cost of manufacture and minimum sales price per kilogramme.\n \nCereal Ingredients is a privately held speciality ingredients manufacturer based in Kansas, USA, dedicated to the development, manufacture and supply of unique, high-quality food ingredients which contribute a meaningful point of difference. Cereal Ingredients have incorporated SlimBiome® into their range of cereal and protein based particulates and speciality ingredients. This technical innovation extends the application of SlimBiome® into bakery products (e.g. cookies, cakes and tortillas), breakfast cereals (puffs, hoops and flakes), crackers, toppings (e.g. salad, breakfast) as well as increasing the range of options for healthy snacks, yoghurts and cereal bars. This significantly extends the scale of the opportunity and creates the potential to develop healthy functional products for the US cereal, snacks, and sports nutrition market.\n \nUnder the terms of the agreement, CII will use their best endeavours to promote and expand the supply of SlimBiome® across the USA bringing it to the attention of as many buyers as possible. SlimBiome®, a patented combination of natural ingredients developed by experts to provide hunger free weight loss, will be supplied by CII as an extruded product to add flavour, texture and functionality to baked goods, cereals and a diverse range of other food applications.\n \nThis agreement is a strategic step to access the global healthy ingredients market ($101.32bn, 2022*) with an established and respected supplier of unique, high quality, value added fu...